SCHEDULE: Millstreet Capital Reduces Diebold Nixdorf Stake

Millstreet Capital Management and its affiliates reported a reduction in their beneficial ownership of Diebold Nixdorf common shares through recent open market sales.

Summary

• Millstreet Capital Management LLC, Brian D. Connolly, and Craig Kelleher collectively reported beneficial ownership of 5,216,672 common shares of DIEBOLD NIXDORF, Inc.
• This aggregate amount represents 14.54% of the issuer's common shares outstanding.
• The filing is an Amendment No. 3 to Schedule 13D, specifically amending Item 5 regarding interest in securities.
• The reporting persons effected several open market sales transactions, including 211,204 shares on November 5, 2025, at $62.9348 per share.
• Further sales included 40,522 shares on November 6, 2026, at $64.5217 per share.
• A significant sale of 500,000 shares occurred on January 15, 2026, at $68.0000 per share.
• Millstreet Credit Fund LP, managed by Millstreet, retains the right to receive dividends or proceeds from the sale of more than five percent of the common shares.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the significant sales by a major institutional investor, which can be interpreted as a lack of conviction or profit-taking, potentially signaling a less favorable outlook for the stock from the investor's perspective.

Negatives

• Significant sales by a major shareholder could be interpreted as a reduction in confidence or a strategic exit from a portion of their investment.

Future Outlook

The filing does not contain forward-looking statements or guidance from the issuer.

Industry Context

This filing reflects an institutional investor's portfolio management decision regarding their stake in Diebold Nixdorf, a company operating in the financial and retail technology sectors. Such sales by significant holders can sometimes influence market perception of a company's near-term prospects, though they can also be part of routine portfolio rebalancing.

Stakeholder Impact

• Shareholders: The reduction in a significant institutional stake could lead to increased selling pressure or a negative perception, potentially impacting share price.
• Management: May need to address market concerns if the sales are interpreted negatively by other investors.

Key Dates

Keywords

Diebold Nixdorf, Millstreet Capital Management, Schedule 13D, Beneficial Ownership, Share Sales, Institutional Investor, Common Shares, DN, Financial Services Technology